The market has been ranging since December 2020. In which the price failed to break above the major resistance level (shown by the green square) multiple times since 2016, making it highly unlikely for the price to break this level.
Due to the possible double bottom being formed I expect the price to test the major resistance level, then fall until it reaches the monthly support level shown by the yellow square.
Due to the possible double bottom being formed I expect the price to test the major resistance level, then fall until it reaches the monthly support level shown by the yellow square.